Congress Asset Management Co. Buys 135,802 Shares of Napco Security Technologies, Inc. (NASDAQ:NSSC)

Congress Asset Management Co. increased its holdings in shares of Napco Security Technologies, Inc. (NASDAQ:NSSC - Free Report) by 94.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 279,670 shares of the industrial products company's stock after purchasing an additional 135,802 shares during the quarter. Congress Asset Management Co. owned 0.76% of Napco Security Technologies worth $9,945,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in NSSC. Copeland Capital Management LLC lifted its stake in shares of Napco Security Technologies by 108.6% in the third quarter. Copeland Capital Management LLC now owns 1,038,128 shares of the industrial products company's stock worth $42,003,000 after acquiring an additional 540,436 shares in the last quarter. FMR LLC lifted its holdings in Napco Security Technologies by 30.8% during the 3rd quarter. FMR LLC now owns 2,102,688 shares of the industrial products company's stock worth $85,075,000 after buying an additional 494,988 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its position in shares of Napco Security Technologies by 426.5% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 237,995 shares of the industrial products company's stock valued at $9,629,000 after acquiring an additional 192,790 shares in the last quarter. Rockefeller Capital Management L.P. boosted its holdings in Napco Security Technologies by 74.3% in the third quarter. Rockefeller Capital Management L.P. now owns 300,901 shares of the industrial products company's stock worth $12,174,000 after purchasing an additional 128,316 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Napco Security Technologies by 14.3% during the third quarter. Geode Capital Management LLC now owns 959,035 shares of the industrial products company's stock worth $38,809,000 after purchasing an additional 120,304 shares during the period. Institutional investors and hedge funds own 85.07% of the company's stock.

Wall Street Analysts Forecast Growth

NSSC has been the subject of several research reports. Needham & Company LLC decreased their price target on shares of Napco Security Technologies from $52.00 to $40.00 and set a "buy" rating for the company in a report on Tuesday, February 4th. TD Cowen downgraded shares of Napco Security Technologies from a "buy" rating to a "hold" rating and reduced their price target for the company from $46.00 to $27.00 in a report on Tuesday, February 4th. StockNews.com raised Napco Security Technologies from a "sell" rating to a "hold" rating in a report on Tuesday, December 3rd. DA Davidson decreased their price target on Napco Security Technologies from $55.00 to $48.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Finally, Lake Street Capital lowered their price objective on shares of Napco Security Technologies from $60.00 to $41.00 and set a "buy" rating on the stock in a research note on Tuesday, November 5th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $38.17.

Napco Security Technologies Stock Down 2.5 %

Shares of Napco Security Technologies stock traded down $0.65 during midday trading on Thursday, hitting $25.11. The company's stock had a trading volume of 761,742 shares, compared to its average volume of 643,692. Napco Security Technologies, Inc. has a 1-year low of $24.90 and a 1-year high of $58.09. The firm has a market capitalization of $921.03 million, a P/E ratio of 19.32 and a beta of 1.64. The stock has a 50-day simple moving average of $33.18 and a 200-day simple moving average of $38.86.

Napco Security Technologies (NASDAQ:NSSC - Get Free Report) last announced its quarterly earnings data on Monday, February 3rd. The industrial products company reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.06). The business had revenue of $42.90 million for the quarter, compared to analyst estimates of $49.93 million. Napco Security Technologies had a return on equity of 27.65% and a net margin of 25.94%. The company's revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.34 earnings per share. As a group, sell-side analysts predict that Napco Security Technologies, Inc. will post 1.24 earnings per share for the current year.

Napco Security Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Wednesday, March 12th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.50 annualized dividend and a yield of 1.99%. Napco Security Technologies's dividend payout ratio is presently 38.46%.

Napco Security Technologies Profile

Napco Security Technologies, Inc develops, manufactures, and sells electronic security systems for commercial, residential, institutional, industrial, and governmental applications in the United States and internationally. Its access control systems include various types of identification readers, control panels, PC-based computers, and electronically activated door-locking devices; intrusion and fire alarm systems, consists of various detectors, a control panel, a digital keypad and signaling equipment; and door locking devices comprise microprocessor-based electronic door locks with push button, card readers and bio-metric operation, door alarms, mechanical door locks, and simple dead bolt locks.